Wyndham Hotels & Resorts $WH Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Wyndham Hotels & Resorts by 38.6% during the second quarter, selling 24,515 shares and now owning approximately 0.05% of the company worth $3,245,000.
• Wyndham Hotels & Resorts reported an EPS of $1.33 for the recent quarter, beating analysts' expectations and marking an 8.2% increase in revenue year-over-year, reaching $397 million.
• The company announced a quarterly dividend of $0.41 per share, with an annualized yield of 2.1%, and a payout ratio currently standing at 38.32%.

Allspring Global Investments Holdings LLC trimmed its stake in shares of Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 38.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,065 shares of the company's stock after selling 24,515 shares during the period. Allspring Global Investments Holdings LLC owned about 0.05% of Wyndham Hotels & Resorts worth $3,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Burgundy Asset Management Ltd. grew its holdings in Wyndham Hotels & Resorts by 3.0% during the first quarter. Burgundy Asset Management Ltd. now owns 2,369,461 shares of the company's stock worth $214,460,000 after acquiring an additional 68,172 shares during the period. Bessemer Group Inc. grew its holdings in Wyndham Hotels & Resorts by 1.7% during the first quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock worth $122,786,000 after acquiring an additional 22,990 shares during the period. Bank of New York Mellon Corp grew its holdings in Wyndham Hotels & Resorts by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 878,295 shares of the company's stock worth $79,494,000 after acquiring an additional 26,321 shares during the period. Nuveen LLC acquired a new stake in Wyndham Hotels & Resorts during the first quarter worth about $70,353,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Wyndham Hotels & Resorts by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 740,217 shares of the company's stock worth $66,997,000 after acquiring an additional 7,507 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Performance

Shares of Wyndham Hotels & Resorts stock opened at $78.96 on Tuesday. Wyndham Hotels & Resorts has a one year low of $75.29 and a one year high of $113.07. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.38 and a beta of 0.92. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.03 and a current ratio of 1.03. The business's 50 day moving average price is $83.78 and its 200 day moving average price is $84.15.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%.The company had revenue of $397.00 million for the quarter, compared to the consensus estimate of $384.69 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. On average, research analysts predict that Wyndham Hotels & Resorts will post 4.79 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.41 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. Wyndham Hotels & Resorts's payout ratio is currently 38.32%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Wyndham Hotels & Resorts in a report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Wyndham Hotels & Resorts in a report on Monday, June 23rd. They issued an "overweight" rating and a $101.00 price objective on the stock. Truist Financial raised their price objective on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a report on Friday, July 25th. Morgan Stanley reissued an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a report on Tuesday, July 15th. Finally, Barclays dropped their price objective on Wyndham Hotels & Resorts from $101.00 to $99.00 and set an "overweight" rating on the stock in a report on Friday, October 3rd. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $106.81.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.

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